Spot crypto trading volume on decentralized exchanges built on Solana has exceeded $1.7 trillion year-to-date, ranking second globally by this metric, behind only Binance, according to Artemis data.

The surge highlights Solana’s growing dominance in on-chain trading, driven by high throughput, low fees, and active retail participation, particularly in DeFi and meme-token markets. Analysts note that Solana is increasingly positioning itself as the leading alternative to centralized exchanges for high-volume spot trading.

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